Share Secured Loans

A share-secured loan from Forge CU is a smart way to build credit while keeping your savings intact.

By using your own savings account or certificate as collateral, you can borrow money at a lower rate than most other loans, all while your savings continue to earn dividends. It’s an excellent option if you’re just starting to build credit or working to improve your credit score, since we report your positive payment history to credit bureaus. Plus, you’ll keep the peace of mind knowing your savings are still working for you.

You can use a share secured loan for:

• Building or rebuilding your credit history while maintaining your savings nest egg
• Making a major purchase when you don’t want to deplete your emergency savings
• Funding short-term needs while keeping your long-term savings goals on track
• Teaching youth about responsible borrowing with a safety net in place
• Creating a structured savings plan where you’re effectively borrowing from and repaying yourself while building credit

To learn more about our share-secured loans, call us at 610-352-2000 or visit our local branch during business hours. You can also apply online.